- Coca-Cola reported Q2 revenue of $13.4 billion and EPS of $0.97, beating analyst estimates of $13.2 billion and $0.93, respectively.
- The company raised its FY26 guidance, now expecting organic revenue growth of around 5% (at the high end of its previous 4% to 5% range) and EPS growth of 9% to 10%, up from the prior 8% to 9% forecast.
- Unit volume grew 5% year over year, led by a 16% volume increase in Coca-Cola Zero Sugar, showing strong demand resilience relative to volume declines at competitor PepsiCo.
Quotes
“Premium mix is holding up even as PepsiCo volumes fell”
“Coca-Cola's payout ratio -- the amount of profit used to fund dividend payments -- has consistently hovered around just above a healthy, balanced 60% for the past decade”